Super Micro (SMCI) Taiwan offices raided over NVIDIA (NVDA) chip smuggling investigation

Taiwan police also raided homes and other businesses related to the probe.

Super Micro’s offices in Taiwan were raided by investigators today as part of an investigation into the alleged smuggling of NVIDIA chips to China. The company says that it is working closely with authorities.

Bloomberg reported the news of Super Micro’s offices being raided. In addition, local authorities also raided the homes of six individuals and offices of three other companies related to the investigations, though those details remain under wraps.

“Super Micro is committed to protecting our advanced technologies and intellectual property,” the company said in a statement shared by Bloomberg. “Super Micro products continued to be targeted in these matters, and we continue to cooperate with law enforcement and government officials in Taiwan and other jurisdictions in which we operate to ensure our technology is distributed as lawfully intended.”

Both Super Micro (SMCI) and NVIDIA (NVDA) stock took a hit on the news. Super Micro is down roughly eight percent on the day, and closed the day at $194.97. NVIDIA recovered its initial losses and was up one percent at the close of markets. For more on the AI business and its biggest players, stick with Shacknews.

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